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THE BUSH LIE OF THE DAY: LOW INCOME ELDERLY FOLKS ON DIVIDENDS

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mumon Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-05-03 08:56 AM
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THE BUSH LIE OF THE DAY: LOW INCOME ELDERLY FOLKS ON DIVIDENDS
http://www.nytimes.com/2003/08/05/opinion/05KRUG.html

For his June 22 interview with Howard Dean, Tim Russert asked the Treasury Department to prepare examples showing how repealing the Bush tax cuts would affect ordinary families. Presumably Mr. Russert thought Treasury would provide a representative selection — that is, like many in the media, he doesn't yet understand the extent to which Treasury has become an arm of the White House political machine.

In any case, the examples Treasury provided to Mr. Russert and others in the media were wildly unrepresentative. To give you a sense: the Treasury's example of a "lower income" elderly household was one receiving $2,000 a year in dividend income. In fact, only about one elderly household in four receives any dividend income, and only one in eight receives as much as $2,000. Not surprisingly, the "Russert families" gained far more from the Bush tax cuts than a representative sample. As Mr. Sullivan put it, "If this continues, the Treasury's Office of Tax Policy may have to change its name to the Office of Tax Propaganda."



Bush must go. Now.
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Stephanie Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-06-03 12:03 AM
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1. The Bush Lie of the Day is an excellent meme!
We should promote this idea. Really good thinking. There is no shortage of lies to choose from.
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sandnsea Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-06-03 12:32 AM
Response to Reply #1
2. We should email it around too
Like they do with their Rush Riot of the Day or whatever they call those Rush emails. Except we don't need to lie and can link an actual news article so people can regain their analytical skills and begin to think again.

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SoCalDem Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-06-03 01:12 AM
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3. Yeah.. Lots of LOW INCOME people have dividends...
They are called TIPS.. When gramps parks your car and gets a buck or when granny clears your table at the diner..




These freaks who twist the meaning of the concept infuriate me..

If someone who reaches "old age" and is LOW INCOME, it's probably because they were POOR....WHILE THEY WERE WORKING.. Their moeny did not go to "investments"...It went for food, rent car insurance, medicine (when they could afford it)...

Just once I would like to see a REAL family profiled , and not some phony-ass "family"..
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